Member Info for bonum

Those Scouldrels!

At least we know they're still at the table, which certainly says something - or at least one other 'Super Major' is!

Good to see and based upon recognition of the sound fundamentals here, existent high quality oil asset and the 'transformational' component of the next News expected.

A wider exposure now being given to MATD and certainly reassuring to know research into the company backs up the the very realistic prospects for very significant price appreciation going forward.

The trend is our friend....

Just saw your previous post Phoebus, lol - I know you're in MATD too and why not have another one for a prospective 50p rise, with a beneficial risk profile...

Indeed PI and more receptive of those stocks when communicated by any 'regular' poster here, whose validity we have a basis for through past posting history - ultimately, we expect everyone to so their own independent research and invest accordingly.

That's the last of that

Company specific, BPC is looking very bullish indeed and is intensely followed by the investing community looking at such prospects. We know there'll be many looking at an opportune moment to Buy in as an initial entry or Buy back in.

Given the very strong support we saw on the previous dip, the likelihood that any share relinquishing by the Family Group will be well controlled over an extended timeframe.....and the bullishness underpinning the investment going forward.....the price is likely to advance into a new trading range in the coming few days.

Shaping up very well indeed and certainly wouldn't be surprised to see the 5-6p level by next week.

Regarding a Farm in deal, I was very hopeful of one previously but dont necessarily anticipate one now - pleased enough that we're funded for the drill with the existent financial structure, with further main expenditures at the tail end of the year.

I do however think we'll get much nearer term News re: some form of Partnership with Stenna, as the indications seem, imo.

Again, looking very good indeed.

Atb

Think it was Laallee who mentioned BP as the interested Super Major - obviously he can clarify that.

Okay molokai, I hear you on MATD - check it out for yourself if you so wish ;)

Atb

Agree with you on the attempted Buys going to NT Jay and something we've noted for quite some time.

I eventually managed to pick up some more stock (1Million shares at 09:06), but very difficult to secure even that amount.

As quite rightly pointed out, the nearer term emphasis is on the Prospectus RNS, which indeed should majorly Re-rate the price from here - I wouldn't have increased my holding otherwise.

My rationale is, the more accumulated now, despite the buying difficulties, the more that can be retained for subsequent rises off other key catalysts.

Very comfortable accumulating at these levels.

Atb

MATD also rising, so pleased to see my 2 .ain oil investments shaping up very well and complementing each other well with their different risk profiles.

Have a good day all

May actually finish Blue today - if so, certainly will be an interesting time, as further cash waiting on the sidelines enters the investment.

Very heavily watched by investors and the very strong bounce off support demonstrated yesterday was reassuring to see.

Arb

Jojos /J-black - all good!

Atb

Jojos, your post obviously wasn't referring to me, but another poster - J-black I would assume.

As I posted yesterday "I don't expect the 2p levels to be revisited, as we have the Rig confirmation & possibility of further involvement by Stenna.....and possibly other parties."

Atb

We may of course finish blue, back above 3p....

Interesting post yesterday at 17:29 Starchild - perhaps one for some to go back and read as you highlight some interesting points.

I would disagree with you on the 'ZERO' chance of the Family Group divesting of relinquishing a hold of any of the new stock, albeit accepting they may actually do exactly that.

Of course, they may actually just decide to relinquish all or part of it too.

I think what's perhaps more pertinent is the rate of disposal (if any) and how it would affect the share price.

I would suspect that if indeed it were relinqued to some degree, it would be strategically disposed of in a controlled way - ex 2M daily over an extended timeframe up to the amount needing to be relinquished.

What we did note is the very strong Bounce off the circa 2.55p support, which certainly gives some confidence in the buoyancy of the SP, especially given the way we know the price rises.....and very intense investor interest.

No doubt there are large sums of money on the sidelines, looking to enter / re-enter a BPC position.

Longer term, I'm very comfortable holding BPC as well as my MATD (good to see many of the BPC holders posting there too).

On a separate note - IK, we all love you and regardless of your 'rugby balls' xx

Atb

Good to see you here Spritefan - I think you're getting in at a very fortuitous time at the current price level.

This is a fairly comprehensive summation of what's happening with PeteoMatad.

https://youtu.be/M--ZStYBlT0

I'm welcoming a steady price increase over the coming weeks, as part of a re-emerging Uptrend for the share price. It's way too heavily discounted imo and given the current asset already discovered, as well as other assets held.

Atb

Good to see you here Petrolinvest /Nimshy - enjoy your posts on BPC and glad that you both took the trouble to research independently, the validity of the investment.

This is certainly at the cusp of a transformational period for the company, with the associated price Re-rates we can expect.

Also good to see the Uptrend taking root, to 'steadily' take us into a higher trading range prior to the License RNS release.

Atb all & have a good evening.

One positive we can note with today's action, is the strong bounce off the support, which was heavily bought into.

Many of the shorter term traders may have exited and precipitating that intraday drop, with of course the previously mentioned stop losses possibly exacerbating it.

Many may now be sidelined by such and no doubt a lot of other money looking to enter in the coming few days.

Confident buying off that intraday low and sets up a certain degree of confidence in supporting the price with any upcoming downward pressure.

Long term prospects are unaffected of course and remain as robust as ever into drilling.

Atb & have a good evening all.

A 16 min interview with the CEO

https://youtu.be/M--ZStYBlT0

MATD are probably one of the most underrated stocks atm Petrolinvest - they already have a high quality oil discovery next to the giant PeyroChina field and are transitioning to a bona fide oil producer with near term monetization of such.....and other high quality assets.

Just waiting on their Exploitation License, being effectively viewed as a domestic Mongolian company - that will be HUGE and completely transformational for the company and it's current share price.

This is a 16 min interview with the CEO, which will explain it all

https://youtu.be/M--ZStYBlT0

Happy being in both BPC & MATD

Agreed that after the current volatility, the price here should settle at a more stable, higher level and as a precursor to a significant move upwards as we progress towards drilling - if Stena news etc doesn't come before that of course.

Atb

Agreed, I don't necessarily expect the 2p levels to be revisited, as we have the Rig confirmation & possibility of further involvement by Stenna.....and possibly other parties.

I think the 3p+ price was obviously difficult to maintain over the few trading days leading to the new shares entering the market - however, some strong Buying seen above the 2.5p level.

I don't see the 'overall' Uptrend being threatened, due to the underlying investment case being a strong one and with the developments mentioned, supported on a fully funded basis.

Many of the traders will have exited by now and seen by the drop, which was strongly supported at 2.55p.

It may re-test it and I expect, reinforce that as a new support - let's see.

MATD just breaking out and starting it's own Uptrend, back to its previous 36p levels hopefully.

Atb

I've been in BPC for a long time and retain a holding there, as a very good prospect indeed. Nearer term they have a sizeable number of discounted shares hitting the market and a wait until late Dec 2020 for rig mobilisation - with no current oil assets at this juncture but are fully funded for that drill.

MATD have a high quality asset in the bag, fast route to transitioning to a bona fide oil producer status with monetization and a tangible revenue stream with a likely Partnership with PetroChina.....and other high quality assets.

Different investments with their own unique characteristics.

I'm very comfortable here with the lower risk profile and very significant upside.....and an emerging Uptrend.

Dyor & atb TobyT

Good to see you in MATD Rob!

Atb

It's also recognition after the 'excitement', of a half year wait for rig mobilisation......with any results expected in Feb 2021.

Lots are exiting until closer to the end of the year and exacerbated by the 120M new shares @1.27p hitting the market in a few days, compounding the decline.

Last week we thought hitting 2p was a result, so that puts the current price and magnitude of expected decline into perspective I suppose.

Atb